Wedbush Securities Inc. Has $6.76 Million Stock Position in iShares Select Dividend ETF $DVY

Wedbush Securities Inc. lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,874 shares of the company’s stock after selling 858 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $6,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the period. Axxcess Wealth Management LLC lifted its position in iShares Select Dividend ETF by 1.8% during the first quarter. Axxcess Wealth Management LLC now owns 7,084 shares of the company’s stock worth $951,000 after acquiring an additional 124 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth approximately $279,000. Allworth Financial LP boosted its holdings in shares of iShares Select Dividend ETF by 2.9% during the first quarter. Allworth Financial LP now owns 23,994 shares of the company’s stock worth $3,081,000 after acquiring an additional 670 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $30,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Up 1.0%

NASDAQ:DVY opened at $140.21 on Friday. The stock has a 50 day simple moving average of $140.87 and a 200 day simple moving average of $136.20. The stock has a market cap of $20.53 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $1.2465 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.